Dropbox, Inc. Technology | Application Software | USA Dropbox Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox Inc. was founded in 2007 and is headquartered in San Francisco, California.
After IPO, Dropbox stock gains more than 35% Dropbox Inc. DBX, -0.28% ended its first day of trading Friday more than 35% higher than its initial public offering price, even as the S&P 500 index SPX, +1.78% and Dow Jones Industrial Average DJIA, +2.03%struggled. Dropbox stock gained 35.6% from its $21 IPO price to close at $28.48, giving the cloud-storage company a market valuation of $9.66 billion, according to FactSet. That is just shy of the $10 billion valuation the company received in a 2014 funding round. The company raised more than $750 million by selling at least 12 million shares in the IPO. Box Inc.BOX, +0.91% --considered by some to be a rival, though Box Chief Executive Aaron Levie does not agree -- fell 8.2% on the day.
Dropbox claims to have more than 500 million registered users in 180 countries. It claimed ahead of the IPO that just over 11 million of those users were paying subscribers, and the company has three classes of common shares. The company also is not yet profitable, yet cash flow was said to be positive. From Bloomberg, without support from underwriting banks, Dropbox currently has two sell ratings and one buy rating, according to Bloomberg data. Current problems: Consumer-oriented Dropbox has limited exposure to enterprise clients, which has limited sales and marketing costs thus far. In addition, Dropbox has to compete with Microsoft Office or Google Docs, Sheets, and Slides. Question: What are your perspectives about Dropbox? Will its stock price increase or decrease in the future?
Personally, I enjoy using Google drive. I don't see a big different between DBX and other similar products. If it can occupy the majority of the market, it could be good.
